IASB head Sir David Tweedie is retiring after ten years and before realizing his goal of converging IASB and FASB rules. Hans Hoogervorst, a Dutch financial regulator, will assume the IASB post July 1, according to The Economist. read more

JUN 28, 2011 - 9:25 am

Using information from the Monitor 100, a recent article in Accounting Horizons examines the impact of impending lease accounting changes on lessors. The study analyzes 57 of the 100 largest equipment lessors in the U.S. market. read more

JUN 27, 2011 - 9:39 am

Equipment leasing expert and industry consultant Bill Bosco provides his most recent update to monitordaily with in-depth commentary on the latest developments in the continuing debate on lease accounting standards. read more

JUN 22, 2011 - 9:34 am

The International Accounting Standards Board (IASB) and the US-based Financial Accounting Standards Board (FASB) announced their agreement to re-expose their revised proposals for a common revenue recognition standard. read more

JUN 17, 2011 - 9:26 am

After meeting with several IASB board and staff members, industry expert and consultant Bill Bosco provided a revised update including clarifications, which Bosco says are better news for the industry. read more

MAY 25, 2011 - 12:02 pm

In a commentary on a recent joint-board meeting held by IASB and FASB, leasing industry expert Bill Bosco's notes the Boards' latest deliberations indicate a reversal and short-term lease capitalization is "back on the table." read more

MAY 23, 2011 - 9:31 am

The IASB and FASB last week issued new guidance on fair value measurement and disclosure requirements for IFRS and U.S. GAAP. The guidance completes a major project of the boards' joint work to improve IFRS and U.S. GAAP and to bring about their convergence. read more

MAY 16, 2011 - 9:27 am

The heads of FASB and IASB said they have decided to extend the timetable for a few additional months to complete joint convergence projects on revenue recognition, leases, financial instruments and insurance. read more

APR 15, 2011 - 10:45 am

In part four of a series of interviews with FASB chairman Leslie Seidman, the Journal of Accountancy provides insights into why the FASB board's revised approach to lease accounting will not be a return to business as usual. read more

APR 8, 2011 - 10:31 am

International Decision Systems announced the second webinar in a series of lease accounting briefings to be held April 6, 2011. The webinar aims to update participants on any new decisions by the FASB and IASB since IDS's last briefing. read more

MAR 28, 2011 - 10:50 am

In a white paper, business advisory firm SolomonEdwardsGroup notes that after proposing broad sweeping changes last fall to lease accounting rules, the FASB and IASB boards appear to have retreated on certain elements. read more

MAR 22, 2011 - 10:56 am

A recently released survey by PwC finds companies bracing for major changes in financial reporting with $1.2 trillion in gross lease obligations estimated to be affected. The survey notes that 80% expect IFRS to be adopted in the U.S. read more

MAR 21, 2011 - 10:43 am

The following is an excerpt from an article, authored by leasing industry expert and consultant Bill Bosco, that provides insight into how “overwhelming negative feedback” may cause the accounting boards (FASB and IASB) to change direction on the proposed new... read more

MAR 5, 2011 - 6:11 am

According to a recent Deloitte survey just 7% of executives believe their companies are extremely or very prepared to comply with new lease accounting standards proposed by the Financial Accounting Standards Board (FASB). As early as June 2011, the new... read more

FEB 17, 2011 - 2:36 am

CHP Consulting has published its whitepaper on the IASB’s Exposure Draft with a focus on technical and accounting solutions. Entitled How lessors are meeting new challenges using futureproof technology, the white paper addresses what CHP Consulting considers to be the... read more

FEB 7, 2011 - 5:00 pm